Aegean Marine Petroleum Network (ANW) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Aegean Marine Petroleum Network (NYSE:ANW) from a hold rating to a buy rating in a report issued on Friday.

A number of other research analysts also recently commented on the company. Stifel Nicolaus reaffirmed a buy rating on shares of Aegean Marine Petroleum Network in a research note on Tuesday, October 24th. Zacks Investment Research downgraded Aegean Marine Petroleum Network from a hold rating to a sell rating in a research note on Friday, November 10th. Jefferies Group reaffirmed a buy rating and issued a $7.00 price target on shares of Aegean Marine Petroleum Network in a research note on Friday, November 17th. Finally, Clarkson Capital raised Aegean Marine Petroleum Network from a neutral rating to a buy rating and set a $6.00 target price for the company in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $7.00.

Aegean Marine Petroleum Network (ANW) opened at $4.25 on Friday. The company has a market capitalization of $170.69, a PE ratio of 6.89 and a beta of 2.08. Aegean Marine Petroleum Network has a 52 week low of $3.20 and a 52 week high of $13.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.19.

Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings results on Wednesday, November 15th. The oil and gas company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.20). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. Aegean Marine Petroleum Network had a net margin of 0.28% and a return on equity of 4.26%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. equities analysts expect that Aegean Marine Petroleum Network will post 0.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, November 28th. Aegean Marine Petroleum Network’s payout ratio is 21.05%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp raised its stake in Aegean Marine Petroleum Network by 9.1% during the second quarter. State Street Corp now owns 39,837 shares of the oil and gas company’s stock worth $233,000 after acquiring an additional 3,324 shares in the last quarter. American Century Companies Inc. raised its stake in Aegean Marine Petroleum Network by 2.3% during the third quarter. American Century Companies Inc. now owns 533,385 shares of the oil and gas company’s stock worth $2,640,000 after acquiring an additional 11,824 shares in the last quarter. Virtu KCG Holdings LLC raised its stake in Aegean Marine Petroleum Network by 107.7% during the second quarter. Virtu KCG Holdings LLC now owns 30,364 shares of the oil and gas company’s stock worth $178,000 after acquiring an additional 15,746 shares in the last quarter. Northern Trust Corp raised its stake in Aegean Marine Petroleum Network by 107.8% during the second quarter. Northern Trust Corp now owns 31,785 shares of the oil and gas company’s stock worth $187,000 after acquiring an additional 16,489 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in Aegean Marine Petroleum Network by 68.8% during the second quarter. MML Investors Services LLC now owns 41,857 shares of the oil and gas company’s stock worth $245,000 after acquiring an additional 17,065 shares in the last quarter. 62.48% of the stock is owned by hedge funds and other institutional investors.

WARNING: This report was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://ledgergazette.com/2017/12/05/aegean-marine-petroleum-network-anw-raised-to-buy-at-valuengine.html.

Aegean Marine Petroleum Network Company Profile

Aegean Marine Petroleum Network Inc is an international marine fuel logistics company. The Company markets and physically supplies refined marine fuel and lubricants to vessels in port, at sea and on rivers. As a physical supplier, the Company procures marine fuel from refineries, oil producers and other sources, and resells and delivers these fuels from its bunkering vessels to a range of end users.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Aegean Marine Petroleum Network Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegean Marine Petroleum Network Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply